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U.S. Manufacturing Sinking

Mike

Well-known member
Surprise Factory Downturn Holds Back U.S. Growth: Economy
By Shobhana Chandra - Jun 3, 2013 3:16 PM CT
Manufacturing (NAPMPMI) in the U.S. unexpectedly shrank in May at the fastest pace in four years, showing slowdowns in business and government spending are holding back the world’s largest economy.
The Institute for Supply Management’s factory index fell to 49, the lowest reading since June 2009, from the prior month’s 50.7, the Tempe, Arizona-based group’s report showed today. Fifty is the dividing line between growth and contraction. The median forecast of 81 economists surveyed by Bloomberg was 51.
 

hypocritexposer

Well-known member
Traveler said:
Couldn't be because anyone in business is worried about the ramifications of Obamacare? :roll:

...or increased taxes on success. I disagree with this part though



slowdowns in business and government spending are holding back the world’s largest economy.

I would suggest it has more to do with increased government spending, in an attempt to pick winners and losers.

If one company/industry is seeing the Government compete with them, through spending on their competition, they will invest/risk less.

If the government was subsidizing only black angus breeders, would red angus breeders wait a bit, to see how it all shakes out, before investing/risking capital.
 
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